Salik, a leading provider of toll systems and transportation solutions in the United Arab Emirates, has appointed Anwar El Khatib (pictured) as its new Chief Legal Counsel. With an extensive legal background, El Khatib is
Al Tamimi & Company has appointed Seung-Hyeon (‘Alex’) Kim (pictured) as a new partner in its Korea Group. With over 25 years of experience working with the South Korean public and private sector, Kim will play
Clifford Chance and Abuhimed Alsheikh Alhagbani Law Firm (AS&H) have reached an agreement to establish a 50:50 Joint Venture (JV) in Saudi Arabia, operating under the name AS&H Clifford Chance. The move
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’)
From MENA to the WORLD With Suzan Taha The Kuwait Capital Markets Authority (the “CMA or Authority”) has recently issued a new resolution no. 3 of 2023 regarding Passporting of Financial Products, issued on January 8, 2023, outlining the
Deal & transactions
Energy & Trading
United Arab Emirates
Latham & Watkins with TotalEnergies on its agreement with CEPSA
TotalEnergies has entered into an agreement with CEPSA, whereby it will acquire CEPSA’s upstream assets in the United Arab Emirates, effective as of January 1, 2023. Latham & Watkins provided legal advice to TotalEnergies in this
Banking & Finance
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons advises Arada on its USD50 million sukuk tap issuance
Arada Developments (‘Arada’), a major property developer in the Northern Emirates of the UAE, has completed its successful second tap issuance of USD 50 million sukuk with the assistance of Dentons. The transaction was successfully completed
Deal & transactions
Energy & Trading
Other
Clifford Chance with Elia on pioneering renewable energy island
Clifford Chance has advised Elia, one of Europe’s top five transmission system operators, in structuring and negotiating the EPCI construction contract for the world’s first artificial renewable energy island. TM Edison, a consortium
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
Matouk Bassiouny & Hennawy (“MBH”) has successfully represented a sovereign state (the “State”) in setting aside a CRCICA arbitral award worth nearly USD 1.5 billion before the Cairo Court of Appeal. This arbitral award was rendered
